the following information: B Gil's Fish and Tackle, Incorporated Balance Sheet At December 31, 2021 Assets Cash Accounts Receivable (less allowance) Inventories Property, plant and Equipment Long-term Investments Total Assets Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable Total Liabilities Stockholders' Equity Contributed Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 26,450 194,000 135,750 232,800 160.000 $749,000 $ 55,700 77,900 129.000 262, 600 360,000 126,400 486,400 $ 749,000 $ 3,155,000 Gil's Fish and Tackle, Incorporated Income Statement For the year ending December 31, 2021 Sales Revenue Operating Expenses Salaries and Wages Expense Operating and Administration Expenses Depreciation Expense Operating Expenses Operating Income Other Expenses Interest Expense Income Before Income Tax Expense Income Tax Expense Nat Income 1,967,500 325, 700 378, 300 2,671,500 483,500 19,350 464,150 171,736 $ 292,414 483,500 Other Expenses Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income 19,259 464, 150 171,736 $ 292,414 Required: Calculate the debt-to-assets ratio and the times interest earned. (Round your answers to 2 decimal places.) % Debt-to-Assets Ratio Times Interest Earned